Have you ever wondered what caused the Great Depression? What was Black Tuesday? Learn the answers to these questions and other interesting facts with this article.
On October 29, 1929, the stock market lost $14 billion. During the week of Black Tuesday, the stock market lost $30 billion. This would be equivalent to $377,587,032,770.41 today.
Dorothea Lange’s photo of Florence Thompson with several of her children has become a moving symbol of the Great Depression.
In the photo, Florence Thompson was age 32 years old. She had seven children. Florence was a migrant pea picker in California. This photo was taken in February or March of 1936 in Nipomo, California.
Average Rate of Unemployment during the Great Depression
The board game Monopoly became a big success when it first went on the market in 1935. Players could pretend to be rich. This was a nice break from the reality of the depression.
As money became scarce, gangsters began to surface. Some infamous gangsters of the 1930’s included:
- John Dillinger
- “Baby Face” Nelson
- Machine Gun Kelly
- Pretty Boy Floyd
- Ma Barker and her Boys
- Bonnie and Clyde
Going to the movies was a favorite pastime during the Great Depression.
Approximately 60 to 80 million Americans went to the movies weekly. Hit movies included:
- Tom Sawyer (1930)
- Frankenstein (1931)
- King Kong (1933)
- Snow White and the Seven Dwarfs (1937)
- The Wizard of Oz (1939)
- Gone with the Wind (1939)
- Mr. Smith Goes to Washington (1939)
Average Wages during the 1930s
|Public School Teacher||$1455/year|
|Health Services Worker||$933/year|
Roosevelt’s New Deal
Price of Goods
|Product||1920s Prices||1930s Prices||1940s Prices||1950s Prices|
|Washing Machine (Electrical)||85.00||74.50||48.00||65.00|